VP, Special Assets Manager (C&I)

Axos Bank

Target Range:

$90,000.00/Yr. - $110,000.00/Yr.

Actual starting pay will vary based on factors including, but not limited to, geographic location, experience, skills, specialty, and education.

Eligible for an Annual Discretionary Cash Bonus Target: 12.5%

Eligible for an Annual Discretionary Restricted Stock Units Bonus Target: 12.5%

These discretionary target bonuses may be awarded semi-annually based upon your achievement of performance goals and targets.

About This Job

The VP, Special Assets Manager assists with management and oversight of the Commercial Special Asset portfolio to mitigate credit losses and other risk exposures. The position provides training and mentoring to junior level analysts while working alongside the Chief Credit Officer and Director of Special Assets.

Responsibilities:

• Analyze and recommend appropriate workout strategies to maximize value of loan assets. Performing and approving loan reviews

• Managing commercial loans in active Bankruptcies and Receiverships. Reviewing loss mitigation requests, including; loan modification, deed in lieu, and short sale requests. Ensuring compliance with servicing guides,

• Mentoring and training junior analysts and strengthening working relationships within the business units and portfolio management groups

• Create, document, and execute comprehensive action plans and workout strategies for all problematic credits in the portfolio. This includes enforcing remedies and taking legal action when necessary while providing regular status updates to senior management

• Oversee various functions from the initiation of the default process to post-sale requirements

• Liaison with both external and internal legal counsel on matters pertaining to adversely graded loans within the bank’s loan portfolio

• Engage in negotiations with debtors and bankers to manage, workout, and restructure challenged deals. Aim to improve credit quality, restructure or sell loans cost-effectively, and minimize potential losses while maximizing returns

• Prepares periodic reports for the Board of Directors, Committee, Management, auditors, and regulators as required

• Participates in special projects, organizational committees, teams and task forces as assigned

• Assists EVP, Chief Credit Officer, Director of Special Assets and Special Assets Manager with credit approval process and other credit administration functions as assigned

• Handle challenged loans by restructuring debt, negotiating settlement agreements, pursuing appropriate legal action, and/or liquidating collateral or selling loans

• Provides suggestions for process improvement and analyzing trends in loan portfolios and recommending strategies to minimize credit losses or other risk exposures

Qualifications:

• Bachelor's degree in finance, accounting, or relevant focus
• 5+ years of experience in C&I special assets, credit risk, and/or portfolio management
• Commercial Lending experience
• Underwriting experience
• Asset based lending and cash flow experience
• Familiarity with banking regulations and compliance requirements
• Experience with loan workouts and note sales

Axos Employee Benefits May Include:

• Medical, Dental, Vision, and Life Insurance

• Paid Sick Leave, 3 weeks’ Vacation, and Holidays (about 11 a year)

• HSA or FSA account and other voluntary benefits

• 401(k) Retirement Saving Plan with Employer Match Program and 529 Savings Plan

• Employee Mortgage Loan Program and free access to an Axos Bank Account with Self-Directed Trading

About Axos

Born digital-first, Axos delivers financial tools and services that allow individuals, small businesses, and companies to access and manage their money how, when, and where they want. We’re a diverse team of dynamic, insightful, and independent innovators who are excited to provide technology-driven solutions that offer unbeatable value to our customers.

Axos Financial is our holding company and is publicly traded on the New York Stock Exchange under the symbol "AX" (NYSE: AX).

Learn more about working at Axos